Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the support level near the area of 0.9840 and the continuation of the US Dollar against the Swiss Franc with a target above 0.9970. In favor of the growth of the Dollar/Franc pair will test the support line on the indicator of relative strength index (RSI), as well as the formation of the «Wedge» reversal model.
USD/CHF forecast & technical analysis on December 20, 2017
The cancellation of the growth of the USD/CHF pair on FOREX will be the fall and breakdown of the area of 0.9800, which will indicate the cancellation of the reversal pattern and the continuation of the USD/CHF quotations decline into the area below the level of 0.9700.
USD/CHF forecast & technical analysis on December 20, 2017 assumes a test of the support level near 0.9840 and the continued growth of the pair USD/CHF to the area above 0.9970, an additional signal for the growth of the Dollar/Franc pair will be a test of the support line on the relative strength index (RSI).
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